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By Elijah Brumback / Friday, August 29th, 2014 / Central Coast, Law & Goverment, Small Business, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Cabbies hail help from Sacramento: Bills target Uber, Lyft
Two pending bills in the state Senate could significantly change the competitive landscape between booming ridesharing startups such as Lyft and Uber and the flagging taxi-cab industry in California.
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By Staff Report / Wednesday, August 27th, 2014 / Banking & Finance, Personal Finance, South Coast, Technology, Tri-County Economy / Comments Off on QAD’s second-quarter profits drop despite record revenue
Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the Read More →
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By Staff Report / Wednesday, August 27th, 2014 / Central Coast, South Coast, Tri-County Economy / 3 Comments
Proponents of Santa Barbara County’s Measure P, an anti-fracking measure that could also shut down conventional oil and gas production, suffered a setback on Aug. 27 when the largest South Coast chamber of commerce said it opposed the November ballot initiative. The Santa Barbara Region Chamber of Commerce said that its board voted to “urge Read More →
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By Stephen Nellis / Friday, August 22nd, 2014 / Central Coast, Technology, Top Stories, Tri-County Economy / Comments Off on IQMS readies for big leagues with first outside investment
Paso Robles-based software firm IQMS has taken an outside investment for the first time in its 25-year history, raising an undisclosed sum from the same financiers who have backed Facebook, Expedia and Netflix. The company said Aug. 19 that Technology Crossover Ventures led the funding round with Banneker Partners participating. The terms of the deal Read More →